Mu Yao: Ahead of the CPI release, cautiously watch; gold is mildly weak and choppy intraday



In the early session, the gold price fell under pressure, and the current price has stabilized, consolidating around the 4080 low. The market is waiting for the US CPI data later this evening. Trading is cautious this morning, with no one-way trend; volatility is concentrated in the European and US sessions.

Inflation expectations are suppressing a rebound in gold prices, and underlying physical buying is limiting how much further they can drop. Intraday, 4050 is the strong support floor, while 4120 is the line separating strength from weakness.

For trading:
Sell high, buy low. When the price pulls back in the 4050–4070 range, consider buying the dip. If the rebound meets resistance around 4090–4100, look for sell opportunities at higher levels.

Notice:
The above analysis is Mu Yao’s personal analysis. The market changes rapidly; this content is for reference only and does not constitute any investment advice!
$XAUT
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ButterStop-LossLine
· 11h ago
$XAUT It’s pretty good that it’s linked to spot gold—volatility is going to explode tonight, so remember to control your position size.
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DaoSidekick
· 11h ago
The high-sell, low-buy range was given in quite detail, but once it comes to the actual levels, will you dare to enter? I’m scared, so I’ll wait and observe first.
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BugBountyBuddy
· 12h ago
The 4,050 support was tested three times without being broken. The bulls are still holding on hard, but failing to get above 4,120 means the market remains weak.
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NotificationSoundInMistyValley
· 12h ago
CPI comes out tonight. Gold is definitely in a tricky spot here—can’t break higher or lower. Just wait for the data to break the situation.
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